Vanke guarantees subsidiaries with RMB 844.76 bn, supports loan extensions

Vanke Enterprise Co., Ltd. announced a series of guarantee progressions for its subsidiaries, approved under the 2024 annual general meeting's authorization for new guarantees up to RMB 1,500 billion. As of October 31, 2025, the total guarantee balance from Vanke and its controlled subsidiaries stands at RMB 844.76 billion, representing 41.68% of the net assets attributable to listed company shareholders as of year-end 2024.

Shanghai Zhupu Information Technology Co., Ltd., a Vanke subsidiary, secured an extension on a RMB 0.2 billion bank loan from Nanjing Bank. Vanke’s subsidiary Yinli Commercial Properties Co., Ltd. provided a joint liability guarantee for this loan. Shanghai Zhupu reported total assets of RMB 41,183.50 million and net profit of RMB 4,174.12 million as of November 30, 2025.

Additionally, Dynasty Holding Company Limited, another Vanke-controlled subsidiary, applied for RMB 2.8 billion in bank loans from offshore financial institutions, with guarantees provided through various methods including a joint liability guarantee from SCPG Holdings Company Limited and share pledges. Dynasty Holding Company Limited reported total assets of RMB 673,078.74 million as of November 30, 2025. Vanke confirmed that these guarantee matters are within controllable risk and do not harm the interests of the company or its shareholders.